Cameco Corporation (CCJ) Given Consensus Rating of “Hold” by Brokerages
Cameco Corporation (NYSE:CCJ) (TSE:CCO) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.45.
A number of analysts have recently weighed in on the company. BidaskClub lowered Cameco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Bank of America Corporation lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.
Hedge funds have recently made changes to their positions in the company. Gulf International Bank UK Ltd raised its stake in shares of Cameco Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 119,035 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 2,800 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Cameco Corporation during the first quarter worth approximately $113,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cameco Corporation during the first quarter worth approximately $116,000. Russell Investments Group Ltd. raised its stake in shares of Cameco Corporation by 5.7% in the first quarter. Russell Investments Group Ltd. now owns 4,782,400 shares of the basic materials company’s stock worth $52,862,000 after buying an additional 258,064 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Cameco Corporation by 148.4% in the first quarter. Wells Fargo & Company MN now owns 570,330 shares of the basic materials company’s stock worth $6,314,000 after buying an additional 340,746 shares during the last quarter. Hedge funds and other institutional investors own 56.48% of the company’s stock.
Cameco Corporation (NYSE CCJ) opened at 9.74 on Tuesday. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36. The company’s market cap is $3.86 billion. The stock’s 50 day moving average is $9.86 and its 200 day moving average is $10.26.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The company had revenue of $470 million during the quarter, compared to analyst estimates of $383.81 million. During the same period last year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts predict that Cameco Corporation will post $0.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.0799 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.28%. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. Cameco Corporation’s dividend payout ratio (DPR) is presently -999.67%.
About Cameco Corporation
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
Receive News & Ratings for Cameco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.